Italy saw another jump in borrowing costs Monday as it sold 567 million euros ($758.4 million) of inflation-linked government bonds set to mature in 2023.
The Treasury sold the bonds at a gross yield of 7.30%.
That's up sharply from 2.90% in a previous auction in March 2010, according to Dow Jones Newswires. Bids exceeded supply 2.16 times, up from 1.62 times in the previous auction.
Italian bond yields have risen sharply across the curve in recent months, sparking fears the euro zone's third-largest economy could eventually be forced to seek a bailout.
A more crucial test comes Tuesday when Italy will attempt to sell up to 8 billion euros in various bonds.
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